Banks in America | Top Banks for Checking Accounts (List of Biggest Bank in America)

Banks in America | Top Banks for Checking Accounts (List of Biggest Bank in America)

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Banks are ranked in accordance with their asset base and capitalization - There happened to be a big line of divide between Biggest Banks in America and the rivals. Most of the major financial activities in the banking industry today are handled and conducted by these set of banks.Biggest Banks in America.

The 4 Biggest Banks in America

⇒JPMorgan Chase
⇒Bank of America
⇒Wells Fargo
⇒Citigroup

Biggest Banks in America - List of For The 4 Biggest Bank in America

Leading the pack of the top banks in America is JPMorgan Chase (NYSE:JPM).  JPMorgan presently worth’s in asset a total of $2.4 trillion, making it the largest in capitalization in the US.

Second on the role is Bank of America (NYSE:BAC) with a Total Asset of $2.2 Trillion as of march 2016.  The bank is presently second largest bank on the shore of United State.

Wells Fargo online Emerged the Third largest in today's American. Wells Fargo (NYSE:WFC) claimed the third position with a total Assets of $1.9 trillion. The asset worth is as a result of last few year act that permit Megabank expansion in the US.

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Citigroup is holding the Fourth place in the list of Biggest Banks in America with a Total Assets of $1.7 trillion.

We can recall that before now, America was devoid of Megabanks not until the recent act that permits mergers and acquisition and banks expansions.

30 years ago, that was not the case as banks within the United States were not allowed to spread their tentacle across the state. The deregulation in the 1990s were the federal legislation opened up the door for branch and interstate as well as universal spreads of US Banks.

Banks Merger

This move saw brought about the merger IN 1998 between Bank of America and North Carolina's NationalsBank bringing the first coast-to-coast bank. This same law caused the merger between Wells Fargo and Minnesota's Norwest. The move brought about the merger between Citigroup and Travel Group in 1998. The biggest of them all is when Chase bought over JPmorgan in the year 2000. They are now called JPMorgan Chase after the merger.

The move brought about the merger between Citigroup and Travel Group in 1998. The biggest of them all is when Chase bought over JPmorgan in the year 2000. They are now called JPMorgan Chase after the merger.

List of largest banks in the United States

Rank
Bank name
Headquarters Location
Total assets as of December 31, 2016 (billions of US$)
1
JPMorgan Chase
New York, New York
$2,490
2
Bank of America
Charlotte, North Carolina
$2,187
3
Wells Fargo
San Francisco, California
$1,930
4
Citigroup
New York, New York
$1,792
5
Goldman Sachs
New York, New York
$860
6
Morgan Stanley
New York, New York
$814
7
U.S. Bancorp
Minneapolis, Minnesota
$445
8
PNC Financial Services
Pittsburgh, Pennsylvania
$366
9
Capital One
McLean, Virginia
$357
10
TD Bank, N.A.
Cherry Hill, New Jersey
$343
11
The Bank of New York Mellon
New York, New York
$333
12
Barclays
New York, New York
$294
13
HSBC Bank USA
New York, New York
$277
14
State Street Corporation
Boston, Massachusetts
$242
15
Charles Schwab Corporation
San Francisco, California
$223
16
BB&T
Winston-Salem, North Carolina
$219
17
Credit Suisse
New York, New York
$214
18
SunTrust Banks
Atlanta, Georgia
$204
19
Deutsche Bank
New York, New York
$186
20
Ally Financial
Detroit, Michigan
$163
21
American Express
New York, New York
$158
22
Citizens Financial Group
Providence, Rhode Island
$150
23
MUFG Union Bank
New York, New York
$148
24
USAA
San Antonio, Texas
$147
25
Fifth Third Bank
Cincinnati, Ohio
$142
26
Royal Bank of Canada
New York, New York
$141
27
UBS
New York, New York
$138
28
Santander Bank
Boston, Massachusetts
$137
29
KeyCorp
Cleveland, Ohio
$136
30
BNP Paribas
New York, New York
$132
31
BMO Harris Bank
Chicago, Illinois
$128
32
Regions Financial Corporation
Birmingham, Alabama
$125
33
Northern Trust Corporation
Chicago, Illinois
$123
34
M&T Bank
Buffalo, New York
$123
35
Huntington Bancshares
Columbus, Ohio
$99
36
Discover Financial
Riverwoods, Illinois
$92
37
Synchrony Financial
Stamford, Connecticut
$90
38
BBVA Compass
Houston, Texas
$87
39
First Republic Bank
San Francisco, California
$73
40
Comerica
Dallas, Texas
$72
41
CIT Group
Livingston, New Jersey
$64
42
Zions Bancorp
Salt Lake City, Utah
$63
43
E-Trade
New York, New York
$48
44
New York Community Bancorp
Westbury, New York
$48
45
Silicon Valley Bank
Santa Clara, California
$44
46
People's United Financial
Bridgeport, Connecticut
$40
47
Mizuho Financial Group
New York, New York
$39
48
Signature Bank
New York, New York
$39
49
Popular, Inc.
New York, New York
$38
50
East West Bank
Pasadena, California
$34


Our next article will feature Biggest Banks in the world and their listings and capitalization.
Banks in America | Top Banks for Checking Accounts (List of four Biggest Bank in America)

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